{"id":1048500,"date":"2024-10-01T23:02:44","date_gmt":"2024-10-02T03:02:44","guid":{"rendered":"https:\/\/democrats.org\/?p=1048500"},"modified":"2024-10-01T23:02:45","modified_gmt":"2024-10-02T03:02:45","slug":"jd-vance-is-pushing-trumps-project-2025-inflation-bomb-to-hike-costs-for-hardworking-families","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/jd-vance-is-pushing-trumps-project-2025-inflation-bomb-to-hike-costs-for-hardworking-families\/","title":{"rendered":"JD Vance is Pushing Trump\u2019s Project 2025 \u201cInflation Bomb\u201d to Hike Costs for Hardworking Families"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Reminder<\/em><\/a>: No matter what Vance says, Project 2025 is an \u201cundeniably Trump-driven operation\u201d with deep ties to the Trump-Vance ticket.<\/em><\/p>\n\n\n\n

JD Vance is pushing Donald Trump\u2019s extreme Project 2025 agenda that would risk supercharging inflation while giving tax breaks to billionaires and big corporations at the expense of America\u2019s middle class.<\/strong><\/p>\n\n\n\n

Vance<\/a> on Trump\u2019s plan that would raise tariffs and raise costs for hardworking Americans: \u201cThis is a fascinating proposal<\/strong> and we could talk for a while about it.\u201d<\/p>\n\n\n\n

Vance<\/a>: \u201cI\u2019ve reviewed a lot of [Project 2025]. There\u2019s some good ideas in there.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cSenator JD Vance of Ohio, former President Donald J. Trump\u2019s running mate, denied in an interview with NBC News on Sunday that tariffs had caused higher costs for Americans, as economists have documented.\u201d<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201cTrump\u2019s inflation bomb: <\/strong>How his second-term plans could make it worse\u201d<\/p>\n\n\n\n

The Atlantic<\/a>: \u201cTrump\u2019s Plan to Supercharge Inflation\u201d<\/strong><\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cA drumbeat of reports from Wall Street economists have warned that Trump\u2019s plans could substantially slow economic growth while driving up consumer prices.\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cMillions of low- and middle-class households would likely face significantly higher taxes under the Project 2025\u2019s proposals.\u201d<\/strong><\/p>\n\n\n\n

CNBC<\/a>: \u201cTrump budget would spike deficits<\/strong> by nearly 5 times Harris proposal, says Penn Wharton\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law \u2026 Further cutting corporate taxes \u2026 would primarily benefit large firms.\u201d<\/strong><\/p>\n\n\n\n

Vance supports Trump\u2019s failed economic record that ballooned the deficit, created new incentives for companies to ship jobs overseas, and left him with the worst jobs record in modern American history.<\/strong><\/p>\n\n\n\n

Vance<\/a>: \u201cThe left attacked Donald Trump for those tax cuts and said that they would actually make the deficit worse<\/strong> when in reality we took in more revenue because the government got out of the way on the regulatory side and the tax cuts spurred a lot of growth which means more people working, which meant more economic production which meant the entire economy was healthier \u2026 I think that we have a pretty common sense regulatory and tax agenda.\u201d<\/p>\n\n\n\n

New York Times<\/a>: \u201cThe 2017 corporate and individual tax cuts signed into law by Mr. Trump have not increased government revenue \u2026 In fact, they have had the opposite effect.\u201d<\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTrump\u2019s Jobs Record Fell Short of Promises Even Before the Virus\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cDonald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cOne of President Donald Trump\u2019s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch.<\/strong> The financial burden that he\u2019s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump\u2019s time in office. \u2026 The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration.\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump promised \u2018America First\u2019 would keep jobs here. But the tax plan might push them overseas.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Reminder: No matter what Vance says, Project 2025 is an \u201cundeniably Trump-driven operation\u201d with deep ties to the Trump-Vance ticket. JD Vance is pushing Donald Trump\u2019s extreme Project 2025 agenda that would risk supercharging inflation while giving tax breaks to billionaires and big corporations at the expense of America\u2019s middle class. Vance on Trump\u2019s plan […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1048500","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nJD Vance is Pushing Trump\u2019s Project 2025 \u201cInflation Bomb\u201d to Hike Costs for Hardworking Families - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/jd-vance-is-pushing-trumps-project-2025-inflation-bomb-to-hike-costs-for-hardworking-families\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-02T03:02:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-02T03:02:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/jd-vance-is-pushing-trumps-project-2025-inflation-bomb-to-hike-costs-for-hardworking-families\/\",\"url\":\"https:\/\/democrats.org\/news\/jd-vance-is-pushing-trumps-project-2025-inflation-bomb-to-hike-costs-for-hardworking-families\/\",\"name\":\"JD Vance is Pushing Trump\u2019s Project 2025 \u201cInflation Bomb\u201d to Hike Costs for Hardworking Families - 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